Economic news

Bitcoin confidently shows zest for life

The digital currency is returning to growth, and it encourages even most loyal fans of the cryptocurrency world, who also wonder if the bearish trend, which grinded down into dust over $500 billion of the total cryptocurrencies value, ever ends.

cryptocurrency higher 1504Photo: Pixabay

But something has changed on April 2. The increasing market risk appetite led cryptocurrency fans to believe that the lingering winter for digital currency remained only in the rear-view mirror.

Over the year, BTCUSD bitcoin gained 28 percent, while the S & P 500 SPX index gained just over 15 percent year-on-year.

  • Bitcoin on Monday jumped by 0.94 percent to $5,149.95;

  • Ethereum rose by 0.55 percent to $165.56;

  • Ripple inched up by 0.34 percent to $0.3258;

  • Bitcoin Cash increased by 5.31 percent to $295.70;

  • Litecoin gained 2.66 percent to $80.75.

Major players remain in the spotlight as corporate earnings data will appear this week, on Monday - Goldman Sachs and Citigroup Inc., Netflix, Business Machines (IBM), and Bank of America (BAC) - on Tuesday and PepsiCo and Morgan STanley (MS) on Wednesday.

Cherry on the cake will be the data that will be published on Thursday - the sales report for March.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree